Cemmap Course on Econometric Estimation of Frontier Functions and Economic Efficiency
This course will present the methodology of econometric estimation of economic efficiency. We will examine the stochastic frontier model as an econometric extension of the classical microeconomic theory of production and cost at the individual producer level. Basic models for production, cost and 'distance' will be examined. We will examine major extensions of the models to provide scope for cross firm heterogeneity (such as heteroscedasticity) as well as unobserved heterogeneity captured by the stochastic specification of the model. The second day of the course will turn to more advanced applications, such as Bayesian and classical methods of estimation and, especially, panel data models. In addition to the examination of theoretical and econometric methods, we will study several applications from the recent literature.
|Event dates:||2007-02-15 – 2007-02-16|
|Organizers:||Centre for Microdata Methods and Practice (cemmap)|
|Conference venue:||UCL Economics Department, Drayton House, London|
Centre for Microdata Methods and Practice Institute for Fiscal Studies 7 Ridgmount Street London WC1E 7AE tel +44 (0)20 7291 4800 fax +44 (0)20 7323 4780 email firstname.lastname@example.org
|Classification:||C0 - Mathematical and Quantitative Methods. General ; D0 - Microeconomics. General|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|